Industrial Revolution

STUDY

PLAY

an organization of workers that tries to improve working conditions, wages, and benefits for its members

collective bargaining

process in which workers negotiate as a group with employers

populist

a supporter of the rights and power of the people

progressive movement

reform effort, generally centered in urban areas and begun in the early 1900s, whose aims included returning control of the government to the people, restoring economic opportunities, and correcting injustices in American life.

corporation

business that is owned by investors

Sherman Anti-Trust Act

an 1890 law that banned the formation of trusts and monopolies in the United States

monopoly

a complete control over a supply, service or market

capitalism

economic system in which all business is privately owned. American ideal

socialism

economic system in which all or most of the means of production are privately owned. Socialists are opposed to capitalists

communism

production of goods and services are controlled by the government. Everyone is equal. Property is owned by everyone